CPPIB, Caisse de dépôt, bcIMC among the world’s largest PE LPs

Canada Pension Plan Investment Board (CPPIB) has been named the world’s biggest private equity investor by Private Equity International‘s PEI LP50.

The July-August 2014 report ranked CPPIB “by some distance” to be the largest limited partner globally, with an 18 percent allocation to private equity, and US$26.2 billion committed to or invested in private equity opportunities over the past five years.

Less than half (45 percent) of CPPIB’s total market activity was accounted for by partner funds, PEI noted. However, at more than US$11 billion in primary commitments, it was still more than almost any other group.

The second largest LP organization, the Netherlands’ AlpInvest Partners, committed close to US$20 million to the asset class in the same period.

The Caisse de dépôt et placement du Québec also placed in PEI LP50’s top ten. With a 10.1 percent allocation to private equity, and a reported US$10.3 billion circulating in the international market, the Caisse de dépôt was ranked sixth on the list.

Most of the other top-ten LP organizations were American pension systems and fund-of-funds managers. California Public Employees’ Retirement System (CalPERS), one of the largest U.S. pension systems, took seventh spot, just after the Caisse de dépôt.

British Columbia Investment Management Corp (bcIMC) also made the latest PEI LP50. With a reported US$3.9 billion allocation to the asset class, bcIMC was ranked 32nd on the list.

PEI estimated that the world’s 50 largest limited partners have a total of US$313 billion in capital committed to private equity.

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